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listing
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Single FamilyFor Sale
$18,500,000
975 Boynton Avenue
San Jose, CA 95117
Listed by: Justin Bautista from Newmark Cornish & Carey, (408) 727-9600
MLS: Bay East Contra Costa (BECCAR)
34,144Sq Ft
Est. Mortgage
$95,594/mo

$1M PRICE REDUCTION! Boynton Gardens is an extensively renovated 48-unit garden style apartment community in West San Jose. This investment features an attractive unit mix of (16) 1+1 and (32) 2 +1. The majority of the apartments have been renovated and feature large balconies/patios. The property underwent an exterior renovation with a contemporary paint scheme, dual paned windows, bbq area, and new TPO roofs. The building benefits from copper plumbing and a high efficiency hot water heater system. The oversized parcel allows for ample parking as the property boasts a 1.5:1 parking ratio and no tuck under parking. This is TRULY A TURNKEY INVESTMENT. The property features an +/- 800 square foot office/storage that can be converted into (2) studio ADUs. The ideal rental location is convenient to 280, San Tomas Expressway, shopping, schools, parks and employers. Strong in-place rents with upside potential. GRM (Current/Market): 13.66 / 12.36. Cap Rate (Current/Market) 4.59% / 5.31%.

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Information courtesy of Newmark Cornish & Carey is subject to verification and is not guaranteed.
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